Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Canadian General Investments, Limited (CGI.L)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$258.82 - $489.58$352.20
Multi-Stage$295.67 - $324.31$309.72
Blended Fair Value$330.96
Current Price$38.94
Upside749.93%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS4.56%2.85%1.000.960.920.880.840.800.760.760.760.76
YoY Growth--4.17%4.33%4.55%4.77%5.00%5.26%0.00%-0.01%0.00%0.66%
Dividend Yield--2.46%2.76%2.74%1.99%2.41%3.10%3.57%3.20%3.97%4.17%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)348.90
(-) Cash Dividends Paid (M)42.14
(=) Cash Retained (M)306.76
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)69.7843.6126.17
Cash Retained (M)306.76306.76306.76
(-) Cash Required (M)-69.78-43.61-26.17
(=) Excess Retained (M)236.98263.15280.59
(/) Shares Outstanding (M)20.8420.8420.84
(=) Excess Retained per Share11.3712.6313.46
LTM Dividend per Share2.022.022.02
(+) Excess Retained per Share11.3712.6313.46
(=) Adjusted Dividend13.3914.6515.49
WACC / Discount Rate7.87%7.87%7.87%
Growth Rate2.56%3.56%4.56%
Fair Value$258.82$352.20$489.58
Upside / Downside564.65%804.47%1,157.26%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)348.90361.34374.22387.56401.38415.68428.16
Payout Ratio12.08%27.66%43.25%58.83%74.42%90.00%92.50%
Projected Dividends (M)42.1499.96161.84228.01298.69374.12396.04

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.87%7.87%7.87%
Growth Rate2.56%3.56%4.56%
Year 1 PV (M)91.7792.6693.56
Year 2 PV (M)136.41139.08141.78
Year 3 PV (M)176.43181.64186.95
Year 4 PV (M)212.19220.58229.23
Year 5 PV (M)244.00256.13268.73
PV of Terminal Value (M)5,301.245,564.775,838.67
Equity Value (M)6,162.036,454.866,758.91
Shares Outstanding (M)20.8420.8420.84
Fair Value$295.67$309.72$324.31
Upside / Downside659.30%695.39%732.85%

High-Yield Dividend Screener

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